Under Armour (NYSE:UAA) Price Target Raised to $13.00

Under Armour (NYSE:UAA) had its price objective hoisted by Nomura from $9.00 to $13.00 in a research report released on Friday, November 10th, Marketbeat Ratings reports. Nomura currently has a reduce rating on the stock.

A number of other brokerages also recently commented on UAA. Jefferies Group reaffirmed a buy rating and set a $28.00 target price on shares of Under Armour in a research note on Thursday, September 7th. UBS raised shares of Under Armour to a neutral rating in a research note on Tuesday, November 7th. OTR Global reaffirmed a negative rating on shares of Under Armour in a research note on Tuesday, July 18th. Wells Fargo & Company reaffirmed a market perform rating and set a $17.00 target price on shares of Under Armour in a research note on Wednesday, August 2nd. Finally, Bank of America downgraded shares of Under Armour from a neutral rating to an underperform rating and reduced their target price for the stock from $21.00 to $12.00 in a research note on Monday, October 30th. Seventeen research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and four have given a buy rating to the company’s stock. Under Armour presently has a consensus rating of Hold and a consensus price target of $17.04.

Under Armour (UAA) traded up $0.69 on Friday, reaching $13.57. 6,591,200 shares of the company’s stock traded hands, compared to its average volume of 5,567,005. The company has a current ratio of 2.23, a quick ratio of 1.16 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $5,380.00, a P/E ratio of 31.68, a price-to-earnings-growth ratio of 3.84 and a beta of 0.03. Under Armour has a fifty-two week low of $11.40 and a fifty-two week high of $33.45.

Under Armour (NYSE:UAA) last posted its quarterly earnings data on Tuesday, October 31st. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.03. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.49 billion. Under Armour had a net margin of 2.94% and a return on equity of 9.32%. The firm’s revenue was down 4.5% on a year-over-year basis. sell-side analysts expect that Under Armour will post 0.2 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the stock. Aldebaran Financial Inc. grew its holdings in shares of Under Armour by 8.3% in the second quarter. Aldebaran Financial Inc. now owns 27,310 shares of the company’s stock valued at $594,000 after purchasing an additional 2,090 shares in the last quarter. Nationwide Fund Advisors grew its holdings in shares of Under Armour by 6.8% in the third quarter. Nationwide Fund Advisors now owns 52,432 shares of the company’s stock valued at $864,000 after purchasing an additional 3,338 shares in the last quarter. Van Hulzen Asset Management LLC grew its holdings in shares of Under Armour by 42.5% in the third quarter. Van Hulzen Asset Management LLC now owns 17,100 shares of the company’s stock valued at $282,000 after purchasing an additional 5,100 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Under Armour by 5.6% in the third quarter. IFP Advisors Inc now owns 97,318 shares of the company’s stock valued at $1,604,000 after purchasing an additional 5,148 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new position in Under Armour in the second quarter worth approximately $118,000. Hedge funds and other institutional investors own 31.17% of the company’s stock.

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Under Armour Company Profile

Under Armour, Inc is engaged in the development, marketing and distribution of branded performance apparel, footwear and accessories for men, women and youth. The Company’s segments include North America, consisting of the United States and Canada; Europe, the Middle East and Africa (EMEA); Asia-Pacific; Latin America, and Connected Fitness.

Analyst Recommendations for Under Armour (NYSE:UAA)

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